Why is market falling today? Sensex drops over 650 points, Nifty below 24,200. 6 factors behind the selloff

Indian equity markets fell sharply on Monday, with Sensex dropping 674 points to 77,477 and Nifty 50 declining over 170 points to 24,180. The selloff was driven by six factors: escalating Iran-US conflict pushing Brent crude above $90 per barrel, weak global cues with Nikkei and Kospi crashing over 4 percent, a plunge in private bank stocks after disappointing Q1 earnings from Axis Bank and HDFC Bank, rising US Treasury yields, and the rupee weakening 11 paise to 96.41 against the dollar. India VIX rose over 2 percent to 13.15, while Nifty Private Bank index led sectoral losses crashing more than 2 percent.